Premier Bank Provides SBA Loan to Buy Snap Fitness Franchise

Need money to invest in a Snap Fitness franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Snap Fitness franchise is doable. In 2007, Premier Bank issued an SBA franchise loan to an entrepreneur in Fort Atkinson, Wisconsin. Because Snap Fitness was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

SNAP FITNESS
FORT ATKINSON, WI 53538

SBA Loan Lender

PREMIER BANK
320 S CENTER AVE
JEFFERSON, WI 53549

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/14/2007

Loan Approval Gross Amount

$440,000

Loan Approval from the SBA

Of the total $440,000 loan amount, the SBA guaranteed $330,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Snap Fitness franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Fort Atkinson WI, you ought to talk with a local Fort Atkinson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Atkinson businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Premier Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Snap Fitness

Business Credit Evaluation

Who Lends Money to Small Businesses in Jefferson, Wisconsin

Wisconsin SBA 7A Banks